(VIANEWS) – CBOE (VIX) is currently on bearish momentum. At 04:08 EST on Thursday, 15 September, CBOE (VIX) is at 25.90, 5.02% down since the last session’s close.
What’s the CBOE Index?
The CBOE index is a measure of market volatility. It is based on the option price on the Standard & Poor’s 500 index. The index represents the expected volatility of the S&P500 index for the next 30 days. The higher the VIX index, the greater the turbulence in the stock market. When the VIX index increases, the stock market will adjust downward, reflecting the increased turbulence in the market.
The CBOE index is a risk management tool used by professional investors. When it goes up, the CBOE index is indicating that more investors are afraid of the market. In contrast, when the VIX index is down, professional investors are more comfortable investing. This gives them greater buying power.
The CBOE index goes up and down based on the market’s expectations about the next 30 days. Because it is based on options prices, it gives investors an indication of how many people fear or are concerned about the market. While the CBOE index isn’t an exact science, it can help short-term traders tweak their portfolios and get a feel for the direction of the market.
The CBOE index has not risen much lately. It has hit a low of thirty multiple times between late February and early May, but hasn’t yet reached a “fear index” level that indicates the true bottom. The S&P 500 index has fallen nearly 20% from its all-time high, and if the VIX index was to hit that level, the index would be in bear market territory.
Concerning CBOE’s daily highs and lows, it’s 0.99% down from its trailing 24 hours low of $26.16 and 6.02% down from its trailing 24 hours high of $27.56.
Concerning CBOE’s yearly highs and lows, it’s 75.83% up from its 52-week low and 33.49% down from its 52-week high.
CBOE’s last week, last month’s, and last quarter’s current intraday variation average was 5.13%, 1.80%, and 4.50%, respectively.
CBOE’s highest amplitude of average volatility was 7.53% (last week), 5.33% (last month), and 4.50% (last quarter), respectively.
Index Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, CBOE’s is considered to be oversold (<=20).
News about NASDAQ
- Nasdaq 100 forecast: climbing the wall of worry – 13 September 2022. According to DailyForex on Tuesday, 13 September, “Keep in mind that there are only a handful of stocks moving the NASDAQ 100 at any time, so pay attention to all the usual suspects that most flunkies own. “
- According to FXStreet on Tuesday, 13 September, “Overall, the Dow Jones gained 229 basis points, the S&P 500 added 1.06%, and the NASDAQ rose by 1.27% during the session.”
- According to FXStreet on Tuesday, 13 September, “Overall, the Dow Jones gained 229 basis points, the S&P 500 added 1.06%, and the NASDAQ rose higher by 1.27% during the session.”
More news about CBOE (VIX).